Crypto Exchanges Find Themselves in an Uncomfortable Position

Published by
The Street

By Luc Olinga Bitcoin and altcoin exchanges are under pressure to take a stand in Russia’s war in Ukraine. This is a situation that crypto exchanges would have liked to avoid. They who advocate financial inclusion are under pressure to choose sides, after the Russian invasion of Ukraine was followed by sanctions from the United States, the European Union and the United Kingdom. This pressure weakens their motto that they are borderless and do not discriminate unlike centralized finance. But at the same time, they do not want to alienate either the regulators or some of their customers who supp…

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